Find the cost of common equity in given case

Reference no: EM131978859

Question: Hank Corp.'s common stock currently sells for $29 per share. The most recent dividend (Do) was $2.36, and the expected growth rate in dividends per year is 7%. The cost of common equity, Re, is ____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.

Reference no: EM131978859

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